Charles Schwab to match government’s contribution to Trump accounts for children

The Charles Schwab (SCHW) Corporation announced it will match the U.S. government’s one-time $1,000 contribution to eligible newborn children of Schwab’s U.S. employees, providing an additional $1,000 per eligible child. The children’s saving account program, known as “Trump Accounts,” was signed into law by President Trump and provides a $1,000 pilot contribution from the U.S. Treasury into a tax-advantaged account for eligible children born in the U.S. between 2025 and 2028, the company notes.